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Insights on the Global Fast Food Market 2020-2024: COVID-19 Analysis, Drivers, Restraints, Opportunities, and Threats - Technavio

The fast food market is expected to grow by USD 75.85 billion, progressing at a CAGR of over 2% during the forecast period.

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Technavio has announced its latest market research report titled Global Fast Food Market 2020-2024 (Graphic: Business Wire)

Technavio has announced its latest market research report titled Global Fast Food Market 2020-2024 (Graphic: Business Wire)

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The increasing online presence of fast food vendors is one of the major factors propelling market growth. However, factors such as health concerns pertaining to the excessive consumption of fast foods will hamper the market growth.

More details: https://www.technavio.com/report/fast-food-market-industry-analysis

Fast Food Market: Product Landscape

To attract consumers, various fast food outlets focus on offering innovative items in their non-vegetarian menus. Fish, seafood, chicken, beef, and others are mostly demanded by consumers. Non-vegetarian fast food is appetizing, and the mode of preparation differs from restaurant to restaurant. The taste differences encourage consumers to try different non-vegetarian foods at various restaurants, which, in turn, influences the market's growth. The demand for low-calorie and high-protein food products (like those that are made purely out of meat) is also driving the growth of the global non-vegetarian fast food market.

Fast Food Market: Geographic Landscape

APAC will offer several growth opportunities to market vendors during the forecast period. Factors such as the increasing rate of employment and income levels and the changing lifestyles of consumers will significantly drive fast food market growth in this region over the forecast period. 40% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for fast food in APAC. Market growth in this region will be faster than the growth of the market in other regions.

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Companies Covered:

  • American Dairy Queen Corp.
  • Doctors Associates LLC
  • McDonald Corp.
  • Restaurant Brands International Inc.
  • Starbucks Corp.
  • The Wendys Co.
  • YUM! Brands Inc.

What our reports offer:

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers market data for 2019, 2020, until 2024
  • Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Key Topics Covered:

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019-2024

Five Forces Analysis

  • Fiver forces analysis
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Product

  • Market segments
  • Comparison by Product
  • Non-vegetarian fast food - Market size and forecast 2019-2024
  • Vegetarian fast food - Market size and forecast 2019-2024
  • Impact of COVID-19 pandemic on the market
  • Market opportunity by Product

Customer landscape

  • Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2019-2024
  • APAC - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • American Dairy Queen Corp.
  • Doctors Associates LLC
  • Domino's Pizza Inc.
  • Dunkin' Brands Group Inc.
  • McDonald Corp.
  • Papa John's International Inc.
  • Restaurant Brands International Inc.
  • Starbucks Corp.
  • The Wendys Co.
  • YUM! Brands Inc.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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